Gulf Air cuts losses by more than 60%
Bahrain's struggling carrier Gulf Air said Wednesday it reduced losses by 62 percent last year as a result of the company's restructuring.
Losses fell from...
Saudi Arabia declares stock market open to foreign investors
Saudi Arabia’s stock market, the Tadawul, on Monday opened to foreign investors, a long-awaited move for the Middle East’s largest bourse.
Despite a market capitalization...
Oil prices fall further in Asia
Oil prices extended losses in Asia Thursday following a rise in US commercial crude stockpiles, while traders turned cautious ahead of a crunch producers'...
Egypt, Sudan: Ethiopia won’t fill disputed dam before accord
CAIRO (AP) — The leaders of Egypt, Sudan and Ethiopia have agreed that Ethiopia will refrain from filling its new hydroelectric dam on the...
Lebanese banks that can’t increase capital must leave market
BEIRUT (Reuters) - Lebanese banks that cannot increase their capital by 20% by the end of February 2021 will have to get out of...
Qatar gas tanker helps vary Poland's energy supplies
The first-ever gas carrier from Qatar arrived in Poland on Friday to help the eastern EU member diversify its energy supplies and reduce its...
Iran boosts oil trade via UAE ahead of sanctions relief
Iran has boosted exports of fuel oil through U.S.-ally the United Arab Emirates and also almost doubled its imports of gasoline, despite Western sanctions,...
Asia shares hit 3-1/2-year lows as oil resumes fall
Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on...
Global Muslim body urges ban on products from Israeli settlements
A global Muslim body called Monday for a ban on products from Israeli settlements in the occupied territories and pledged full support for the...
U.S. may allow Iran to trade in dollars
The United States appears to be laying the groundwork to let Iran begin trading in dollars, experts believe, after a landmark accord with the...
